Small Depositors Are Getting Hit Because Cyprus Didn't Want To 'Price Themselves Out Of The Laundry Business'http://www.businessinsider.com/small-depositors-are-getting-hit-because-cyprus-didnt-want-to-price-themselves-out-of-the-laundry-business-2013-3/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Tue, 03 Mar 2015 14:44:00 -0500Joe Weisenthalhttp://www.businessinsider.com/c/5147710469bedd0604000001PieterDuboisFIMon, 18 Mar 2013 15:54:44 -0400http://www.businessinsider.com/c/5147710469bedd0604000001
It may not be seen as very empathic, but perhaps part of the reason that the "small account holders", which mostly must be Cypriotic, aren't spared is to make an example of a complacent population. If you want to be a democracy, you are also ultimately accountable for the way your country is run and don't expect free money to come your way without costs attached.http://www.businessinsider.com/c/5146fe186bb3f7a22d000012abMon, 18 Mar 2013 07:44:24 -0400http://www.businessinsider.com/c/5146fe186bb3f7a22d000012
We can add 'Bailing out Russian' criminals to the list of crimes that are chronicled in this zero hedge article:
<a href="http://www.zerohedge.com/contributed/2013-03-15/jaw-dropping-crimes-big-banks" target="_blank" rel="nofollow" >http://www.zerohedge.com/contributed/2013-03-15/jaw-dropping-crimes-big-banks</a>http://www.businessinsider.com/c/5146dd7eecad04967c000003JacksterMon, 18 Mar 2013 05:25:18 -0400http://www.businessinsider.com/c/5146dd7eecad04967c000003
What about the banks themselves ? There is a difference between what the now extremely meager returns that deposit account holders are receiving and the bank shareholders "profits".
It's amazing to see how these bailed out institutions are allowed to declare a profit at all.
GM is a perfect example. They took gobs of taxpayer money and they were allowed to declare a corporate profit right after. Any income above expenses should be directed to the government or the entity that is financing the bailout until all expended funds are returned - plus a small profit.
In the case of Cyprus, the depositors who are being taxed should be compensated by the bank until all of their money is recovered - plus interest. The bank should be able to pay it's bills but no profit for bank shareholders and no raises for executives until all the money is paid back.http://www.businessinsider.com/c/5146c89c69bedd4e53000022oak111Mon, 18 Mar 2013 03:56:12 -0400http://www.businessinsider.com/c/5146c89c69bedd4e53000022
I am no fan of Joe at all. But he seems to have touched a sensitive nerve of yours.
What many people in the west can't understand is, that 20 years after a communist regime, there are some (!) russians that are immensely (filthily) rich, and that some of them have to deposit their (at least some) money in Cyprus. All the while many average russians, and especially the older generation, struggle in their lives. Do you find that normal? Many in the west don't. The "phobia" is thus directed against those special clans and the system that allows or promotes such an injustice.http://www.businessinsider.com/c/51468e60eab8ea372d000011Betsy RossSun, 17 Mar 2013 23:47:44 -0400http://www.businessinsider.com/c/51468e60eab8ea372d000011
Stock Creeper spammer. Please don't reply. Please don't thumb. Just flag as offensive.http://www.businessinsider.com/c/5146638269bedd636c000002voting gop 2014Sun, 17 Mar 2013 20:44:50 -0400http://www.businessinsider.com/c/5146638269bedd636c000002
If the libs want to insist America is greece they should feel engraciated to use their stockpiled money to help pay down the debt they so fear <a href="http://tiny.cc/0liutw" target="_blank" rel="nofollow" >http://tiny.cc/0liutw</a>
libs, put ur money where ur mouth is and pay down this debt! lolhttp://www.businessinsider.com/c/51466017ecad04290900000dchristianhgrossSun, 17 Mar 2013 20:30:15 -0400http://www.businessinsider.com/c/51466017ecad04290900000d
Wrong... They might and do live in London, but it is not their money laundering center. It is about places like cyprus because it is a EUR land. Otherwise you have issues.http://www.businessinsider.com/c/51465b13ecad04d506000007...Sun, 17 Mar 2013 20:08:51 -0400http://www.businessinsider.com/c/51465b13ecad04d506000007
Main center for money laundering of russian oligarchs is London.
If someone think that most oligarchs did not know about this, one months is talking about, he is extremly stupid.http://www.businessinsider.com/c/514659d769beddf84700001fchristianhgrossSun, 17 Mar 2013 20:03:35 -0400http://www.businessinsider.com/c/514659d769beddf84700001f
Oh wow so it comes out that the Germans wanted an FDIC type program. Namely supporting up a certain level, and the rest is off. So how is that different from the United States? Oh yeah it AIN'T... But hey the rich can spout off!http://www.businessinsider.com/c/5146544569bedd3048000004...Sun, 17 Mar 2013 19:39:49 -0400http://www.businessinsider.com/c/5146544569bedd3048000004
Joe, what is your problem with Russia? You are clearly russophobe. That is OK, west is full of that. But, what is your reason for such russophobia?http://www.businessinsider.com/c/514653b5ecad044c7600000cNoSingleOneSun, 17 Mar 2013 19:37:25 -0400http://www.businessinsider.com/c/514653b5ecad044c7600000c
Nice...a tax haven using their black market patrons to bail them out, yet make them feel all warm and fuzzy that they aren't being discriminated against.
Sure beats having any political will to say "no" to voters when it comes to austerity.